Key Take-outs from the TPN Residential Rental Monitor Q1 2025:

• In 2013, over 60% of tenants were in the R3,000 to R7,000 rental band. That number has dropped to 44.5% as escalating rental prices push more tenants into higher-value brackets.
• Luxury rentals (above R25,000) have also increased threefold and now account for 1.7% of the market.
• Provincially, the Western Cape continues to lead with 89.1% of tenants in good standing – despite having the highest rental escalations in the country.
• KwaZulu-Natal remains the weakest province, with only 76.92% of the formal rental population in good standing and the highest rate of non-payment.
• Gauteng, which houses 63% of South Africa’s formal rental market, is experiencing mixed trends: tenant good standing declined slightly in Q1, while rental escalations rose from 3.03% to 3.58%.